ERIC Number: ED446782
Record Type: Non-Journal
Publication Date: 1999-Jun
Reference Count: N/A
Educational and General Budgets Summary and Analysis, Fiscal Year 1999-2000.
Oklahoma State Regents for Higher Education, Oklahoma City.
Focuses on the educational and general primary budget for the Oklahoma state system of higher education for the fiscal year 1999-2000. Highlights several key components of institutional budget decisions. A section is also included on the sponsored budgets, particularly sponsored research, as it becomes ever more important to the economic development of the state. The fiscal year 2000 educational and general budgets for institutions increased by 4.2%, or $44.2 million, from $1.05 billion to just under $1.1 billion. This increase was a result of: an increase of $12.6 million or 1.9% in state appropriations to institutions; a budgeted tuition and fee gross revenue increase of $25.3 million or 10%; and increases in non-fee revolving fund income of $6.3 million or 4.7%. The increased funding will make possible: salary increases for both faculty and staff at most institutions; the addition of 156 new faculty positions at 19 institutions; the addition of 100 new staff positions systemwide; increased spending for library materials; and a 10.9% increase in operating budget funded scholarships. All institutions are in compliance with State Regents' caps on administrative costs. Use of carryover funds from the previous year decreased by 17.4%, from $24.7 million to $20.4 million. Higher education's appropriation as a percentage of the state budget has dropped slightly to 15.58%, down from 15.62% in FY99. (VWC)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Oklahoma State Regents for Higher Education, Oklahoma City.
Identifiers - Location: Oklahoma